Privex’s CryptoToken Converter Documentation

This documentation is for CryptoToken Converter, an open source project developed by Privex Inc. for simple, anonymous conversion between two cryptocurrencies / tokens.

You can find the full source code for the project on our Github

It allows for both uni-directional and bi-directional conversions between user specified coin pairs, whether that’s BTC->LTC, or LTC->LTCP (Litecoin to Pegged Litecoin token).

Using CryptoToken Converter, you can easily operate services such as crypto <-> token gateways, as well as token <-> token and crypto <-> crypto.

Out of the box, CryptoToken Converter comes with two Coin Handlers:

• Bitcoind Coin Handler

  Handles deposits/sending for coins which have a fork of bitcoind without dramatic JSONRPC API changes (e.g. Litecoin, Dogecoin).

• SteemEngine Coin Handler

  Handles deposits/issuing/sending for tokens that exist on the Steem Engine platform - a side-chain of the Steem blockchain.

Every “coin pair” has an exchange rate set in the database, which can be either statically set for pegged tokens, or dynamically updated for conversions between two different cryptos/tokens.